THE FIAT GROUP IN - Fiat SpA
THE FIAT GROUP IN - Fiat SpA
THE FIAT GROUP IN - Fiat SpA
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20<br />
20<br />
Receivables<br />
At 12/31/2001 At 12/31/2000<br />
Of which Of which<br />
(in millions of euros)<br />
Due within<br />
one year<br />
Due beyond<br />
one year<br />
due beyond<br />
5 years Total<br />
Due within<br />
one year<br />
Due beyond<br />
one year<br />
due beyond<br />
5 years Total<br />
Receivables from unconsolidated subsidiaries – – – – 3 – – 3<br />
Receivables from others 33 22 3 55 78 33 8 111<br />
Total Receivables 33 22 3 55 81 33 8 114<br />
Financial receivables are shown net of the allowances for doubtful accounts of 2 million euros (1 million euros at December 31,<br />
2000), with a provision of 1 million euros during the year 2001.<br />
Financial receivables recorded in the financial statements at December 31, 2001 and 2000 approximate their fair values which<br />
have been calculated using the present value method, based on a discount rate which reflects market conditions, the duration<br />
and risk of insolvency.<br />
Other securities<br />
(in millions of euros) At 12/31/2001 At 12/31/2000 Change<br />
Other securities 5,918 5,073 845<br />
Other securities are shown in the financial statements net of the allowance for doubtful accounts of 2 million euros (2 million<br />
euros at December 31, 2000); no provisions were set aside during the year.<br />
Other securities principally include marketable Government securities and bonds, held primarily by the insurance companies for<br />
5,908 million euros at December 31, 2001 and 5,056 million euros at December 31, 2000. The increase of 852 million of euros is<br />
due to the consolidation of Lloyd Italico Group and Augusta Vita S.p.A. for 223 million euros.<br />
Other securities, if valued at fair value at December 31, 2001, would amount to 5,897 million euros.<br />
Treasury stock<br />
At 12/31/2001 At 12/31/2000<br />
Number Cost Number Cost<br />
of shares<br />
(thousands)<br />
(in millions<br />
of euros)<br />
of shares<br />
(thousands)<br />
(in millions<br />
of euros)<br />
<strong>Fiat</strong> S.p.A. shares held by subsidiaries:<br />
Ordinary 11,458 233 650 11<br />
Preference 1 – 1 –<br />
Savings 1,094 12 1,064 12<br />
Total Treasury stock 12,553 245 1,715 23<br />
Treasury stock, stated at cost, consists of <strong>Fiat</strong> shares held by the companies Toro Assicurazioni S.p.A., Le Continent I.A.R.D.<br />
S.A. and <strong>Fiat</strong> Ge.Va. S.p.A. The increase from 1,715 thousand shares (for an amount of 23 million euros) to 12,553 thousand<br />
shares (for an amount of 245 million euros) is due to the purchase of ordinary shares by Toro Assicurazioni S.p.A. and Le<br />
Continent I.A.R.D. S.A.
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